IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpio/0505004.html

Survival in a Declining Industry: The Case of Baseball Cards

Author

Listed:
  • Arthur Zillante

    (ICES, George Mason University)

Abstract

The baseball card industry provides a case study of survival in a declining industry. The case study shows how manufacturers have varied their strategic behavior in response to changes that have occurred within the industry in the last 20 years. This is in stark contrast to most of the existing theoretical literature on behavior in declining industries, which assumes that behavior remains constant throughout the decline phase of an industry.

Suggested Citation

  • Arthur Zillante, 2005. "Survival in a Declining Industry: The Case of Baseball Cards," Industrial Organization 0505004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpio:0505004
    Note: Type of Document - pdf; pages: 15
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/io/papers/0505/0505004.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David Lucking-Reiley & John A. List, 2000. "Demand Reduction in Multiunit Auctions: Evidence from a Sportscard Field Experiment," American Economic Review, American Economic Association, vol. 90(4), pages 961-972, September.
    2. Pauli Murto, 2004. "Exit in Duopoly Under Uncertainty," RAND Journal of Economics, The RAND Corporation, vol. 35(1), pages 111-127, Spring.
    3. Arjen van Witteloostuijn, 1998. "Bridging Behavioral and Economic Theories of Decline: Organizational Inertia, Strategic Competition, and Chronic Failure," Management Science, INFORMS, vol. 44(4), pages 501-519, April.
    4. Fudenberg, Drew & Tirole, Jean, 1986. "A Theory of Exit in Duopoly," Econometrica, Econometric Society, vol. 54(4), pages 943-960, July.
    5. Clark Nardinelli & Curtis Simon, 1990. "Customer Racial Discrimination in the Market for Memorabilia: The Case of Baseball," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(3), pages 575-595.
    6. Gabriel, Paul E & Johnson, Curtis & Stanton, Timothy J, 1995. "An Examination of Customer Racial Discrimination in the Market for Baseball Memorabilia," The Journal of Business, University of Chicago Press, vol. 68(2), pages 215-230, April.
    7. Pankaj Ghemawat & Barry Nalebuff, 1985. "Exit," RAND Journal of Economics, The RAND Corporation, vol. 16(2), pages 184-194, Summer.
    8. Ginger Zhe Jin & Andrew Kato, 2007. "Dividing Online and Offline: A Case Study," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(3), pages 981-1004.
    9. Pankaj Ghemawat & Barry Nalebuff, 1990. "The Devolution of Declining Industries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(1), pages 167-186.
    10. Charles J. Mullin & Lucia F. Dunn, 2002. "Using Baseball Card Prices to Measure Star Quality and Monopsony," Economic Inquiry, Western Economic Association International, vol. 40(4), pages 620-632, October.
    11. Andersen, Torben & La Croix, Sumner J, 1991. "Customer Racial Discrimination in Major League Baseball," Economic Inquiry, Western Economic Association International, vol. 29(4), pages 665-677, October.
    12. Robert A. Jones & Ellen B. Warhit, 1980. "A Theory of Package Sales: Bubble Gum and Baseball Cards`," UCLA Economics Working Papers 172, UCLA Department of Economics.
    13. John Londregan, 1990. "Entry and Exit over the Industry Life Cycle," RAND Journal of Economics, The RAND Corporation, vol. 21(3), pages 446-458, Autumn.
    14. Glenn W. Harrison & John A. List, 2008. "Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of the Winner's Curse," Economic Journal, Royal Economic Society, vol. 118(528), pages 822-843, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arthur Zillante, 2005. "Spaced Out Monopolies: Theory and Empirics of Alternating Product Releases," Industrial Organization 0505008, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bichescu, Bogdan & Raturi, Amitabh, 2015. "The antecedents and consequences of plant closing announcements," International Journal of Production Economics, Elsevier, vol. 168(C), pages 197-210.
    2. Thompson Thomas H & Sen Kabir C, 2011. "Valuing Nostalgia: The Case of the Topps 1957 Baseball Cards," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 7(2), pages 1-16, May.
    3. Leonard, Jonathan S. & Levine, David I., 2003. "Diversity, discrimination, and performance," Institute for Research on Labor and Employment, Working Paper Series qt19d1c3n3, Institute of Industrial Relations, UC Berkeley.
    4. Francesca Cornaglia & Naomi E. Feldman, 2011. "Productivity, Wages and Marriage: The Case of Major League Baseball," CEP Discussion Papers dp1081, Centre for Economic Performance, LSE.
    5. repec:ejw:journl:v:9:y:2012:i:2:p:122-140 is not listed on IDEAS
    6. Rodney Fort & Andrew Gill, 2000. "Race and Ethnicity Assessment in Baseball Card Markets," Journal of Sports Economics, , vol. 1(1), pages 21-38, February.
    7. Chevalier-Roignant, Benoît & Flath, Christoph M. & Huchzermeier, Arnd & Trigeorgis, Lenos, 2011. "Strategic investment under uncertainty: A synthesis," European Journal of Operational Research, Elsevier, vol. 215(3), pages 639-650, December.
    8. Francisco Rosas & Peter F. Orazem, 2014. "Is Self-Sufficiency for Women’s Collegiate Athletics a Hoop Dream? Willingness to Pay for Men’s and Women’s Basketball Tickets," Journal of Sports Economics, , vol. 15(6), pages 579-600, December.
    9. Myatt, David P., 2025. "The impact of perceived strength in the war of attrition," Games and Economic Behavior, Elsevier, vol. 150(C), pages 260-277.
    10. Mathias Erlei & Jens-Peter Springmann, 2006. "Small is Successful!?," TUC Working Papers in Economics 0005, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
    11. Brian Volz, 2013. "Race and the Likelihood of Managing in Major League Baseball," Journal of Labor Research, Springer, vol. 34(1), pages 30-51, March.
    12. H. Dharma Kwon & Jan Palczewski, 2025. "Exit Game with Private Information," Mathematics of Operations Research, INFORMS, vol. 50(4), pages 2433-2469, November.
    13. Omar Al-Ubaydli & John List, 2016. "Field Experiments in Markets," Artefactual Field Experiments j0002, The Field Experiments Website.
    14. R. Todd Jewell & Robert Brown & Scott Miles, 2002. "Measuring discrimination in major league baseball: evidence from the baseball hall of fame," Applied Economics, Taylor & Francis Journals, vol. 34(2), pages 167-177.
    15. Maxime Menuet & Petros G. Sekeris, 2022. "Engaging in Wars of Attrition," Annals of Economics and Statistics, GENES, issue 147, pages 79-100.
    16. Florian Morath, 2013. "Volunteering and the strategic value of ignorance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(1), pages 99-131, June.
    17. Azevedo, Alcino & Paxson, Dean, 2014. "Developing real option game models," European Journal of Operational Research, Elsevier, vol. 237(3), pages 909-920.
    18. Steg, Jan-Henrik & Thijssen, Jacco, 2015. "Quick or Persistent? Strategic Investment Demanding Versatility," Center for Mathematical Economics Working Papers 541, Center for Mathematical Economics, Bielefeld University.
    19. Eiji Yamamura, 2011. "Game Information, Local Heroes, and Their Effect on Attendance: The Case of the Japanese Baseball League," Journal of Sports Economics, , vol. 12(1), pages 20-35, February.
    20. Steg, Jan-Henrik & Thijssen, Jacco J.J., 2025. "Strategic Investment with Positive Externalities," Center for Mathematical Economics Working Papers 708, Center for Mathematical Economics, Bielefeld University.
    21. Georgiadis, George & Kim, Youngsoo & Kwon, H. Dharma, 2022. "The absence of attrition in a war of attrition under complete information," Games and Economic Behavior, Elsevier, vol. 131(C), pages 171-185.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • L - Industrial Organization

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpio:0505004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: EconWPA The email address of this maintainer does not seem to be valid anymore. Please ask EconWPA to update the entry or send us the correct address (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.